| Assets and Liabilities Measured at Fair Value |
Assets and liabilities measured at fair value are summarized in the tables below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at March 31, 2026 Using: |
|
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
Assets measured at fair value on a recurring basis: |
|
|
|
|
|
|
|
|
|
Securities available-for-sale |
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
32,475 |
|
|
$ |
— |
|
|
$ |
— |
|
Obligations of U.S. Government agencies |
|
|
— |
|
|
|
25,079 |
|
|
$ |
— |
|
Obligations of states and political subdivisions |
|
|
— |
|
|
|
317,366 |
|
|
|
— |
|
Mortgage-backed securities in government sponsored
entities |
|
|
— |
|
|
|
304,817 |
|
|
|
— |
|
Total securities available-for-sale |
|
|
32,475 |
|
|
$ |
647,262 |
|
|
|
— |
|
Equity securities |
|
|
— |
|
|
|
2,725 |
|
|
|
— |
|
Swap asset |
|
|
— |
|
|
|
2,716 |
|
|
|
— |
|
Liabilities measured at fair value on a recurring basis: |
|
|
|
|
|
|
|
|
|
Swap liability |
|
$ |
— |
|
|
$ |
5,853 |
|
|
$ |
— |
|
Assets measured at fair value on a nonrecurring basis: |
|
|
|
|
|
|
|
|
|
Collateral-dependent loans |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
11,640 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at December 31, 2025 Using: |
|
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
Assets measured at fair value on a recurring basis: |
|
|
|
|
|
|
|
|
|
Securities available-for-sale |
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
33,902 |
|
|
$ |
— |
|
|
$ |
— |
|
Obligations of U.S. Government agencies |
|
|
— |
|
|
|
27,115 |
|
|
|
— |
|
Obligations of states and political subdivisions |
|
|
— |
|
|
|
324,798 |
|
|
|
— |
|
Mortgage-backed securities in government
sponsored entities |
|
|
— |
|
|
|
296,093 |
|
|
|
— |
|
Total securities available-for-sale |
|
|
33,902 |
|
|
|
648,006 |
|
|
|
— |
|
Equity securities |
|
|
— |
|
|
|
2,692 |
|
|
|
— |
|
Swap asset |
|
|
— |
|
|
|
3,494 |
|
|
|
— |
|
Liabilities measured at fair value on a recurring basis: |
|
|
|
|
|
|
|
|
|
Swap liability |
|
$ |
— |
|
|
$ |
5,748 |
|
|
$ |
— |
|
Assets measured at fair value on a nonrecurring basis: |
|
|
|
|
|
|
|
|
|
Collateral-dependent loans |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
13,140 |
|
|
| Carrying Amount and Fair Value of Financial Instruments Carried at Amortized Cost |
The carrying amount and fair value of financial instruments carried at amortized cost were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
Carrying
Amount |
|
|
Total
Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Financial Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from financial institutions |
|
$ |
83,525 |
|
|
$ |
83,525 |
|
|
$ |
83,525 |
|
|
$ |
— |
|
|
$ |
— |
|
Investments in time deposits |
|
|
2,880 |
|
|
|
2,880 |
|
|
|
— |
|
|
|
2,880 |
|
|
|
— |
|
Other securities |
|
|
25,144 |
|
|
|
25,144 |
|
|
|
— |
|
|
|
25,144 |
|
|
|
— |
|
Loans, held for sale |
|
|
6,940 |
|
|
|
6,940 |
|
|
|
— |
|
|
|
6,940 |
|
|
|
— |
|
Loans and leases, net of allowance |
|
|
3,189,131 |
|
|
|
3,112,683 |
|
|
|
— |
|
|
|
— |
|
|
|
3,112,683 |
|
Accrued interest receivable |
|
|
14,777 |
|
|
|
14,777 |
|
|
|
14,777 |
|
|
|
— |
|
|
|
— |
|
Financial Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonmaturing deposits |
|
|
2,416,467 |
|
|
|
2,416,467 |
|
|
|
2,416,467 |
|
|
|
— |
|
|
|
— |
|
Time deposits |
|
|
1,085,423 |
|
|
|
1,086,508 |
|
|
|
— |
|
|
|
— |
|
|
|
1,086,508 |
|
Short-term FHLB advances |
|
|
100,000 |
|
|
|
100,000 |
|
|
|
100,000 |
|
|
|
— |
|
|
|
— |
|
Long-term FHLB advances |
|
|
739 |
|
|
|
723 |
|
|
|
— |
|
|
|
— |
|
|
|
723 |
|
Subordinated debentures |
|
|
104,276 |
|
|
|
102,208 |
|
|
|
— |
|
|
|
— |
|
|
|
102,208 |
|
Other borrowings |
|
|
3,594 |
|
|
|
3,594 |
|
|
|
— |
|
|
|
— |
|
|
|
3,594 |
|
Accrued interest payable |
|
|
4,914 |
|
|
|
4,914 |
|
|
|
4,914 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Carrying
Amount |
|
|
Total
Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Financial Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from financial institutions |
|
$ |
77,320 |
|
|
$ |
77,320 |
|
|
$ |
77,320 |
|
|
$ |
— |
|
|
$ |
— |
|
Investments in time deposits |
|
|
1,165 |
|
|
|
1,165 |
|
|
|
— |
|
|
|
1,165 |
|
|
|
— |
|
Other securities |
|
|
25,942 |
|
|
|
25,942 |
|
|
|
— |
|
|
|
25,942 |
|
|
|
— |
|
Loans, held for sale |
|
|
7,180 |
|
|
|
7,180 |
|
|
|
— |
|
|
|
7,180 |
|
|
|
— |
|
Loans and leases, net of allowance |
|
|
3,228,026 |
|
|
|
3,134,413 |
|
|
|
— |
|
|
|
— |
|
|
|
3,134,413 |
|
Accrued interest receivable |
|
|
14,436 |
|
|
|
14,436 |
|
|
|
14,436 |
|
|
|
— |
|
|
|
— |
|
Financial Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonmaturing deposits |
|
|
2,339,170 |
|
|
|
2,339,170 |
|
|
|
2,339,170 |
|
|
|
— |
|
|
|
— |
|
Time deposits |
|
|
1,127,294 |
|
|
|
1,129,549 |
|
|
|
— |
|
|
|
— |
|
|
|
1,129,549 |
|
Short-term FHLB advances |
|
|
175,000 |
|
|
|
175,000 |
|
|
|
175,000 |
|
|
|
— |
|
|
|
— |
|
Long-term FHLB advances |
|
|
855 |
|
|
|
838 |
|
|
|
— |
|
|
|
— |
|
|
|
838 |
|
Subordinated debentures |
|
|
104,234 |
|
|
|
102,843 |
|
|
|
— |
|
|
|
— |
|
|
|
102,843 |
|
Other borrowings |
|
|
4,090 |
|
|
|
4,090 |
|
|
|
— |
|
|
|
— |
|
|
|
4,090 |
|
Accrued interest payable |
|
|
5,393 |
|
|
|
5,393 |
|
|
|
5,393 |
|
|
|
— |
|
|
|
— |
|
|